By Elizabeth Adegbe
The Naira yesterday appreciated to N1,446 per greenback within the parallel market from N1,450 per greenback on Wednesday. Nevertheless, the naira recorded its first depreciation this week within the Nigerian International Trade Market, NFEM, to N1,368 per greenback.
Information from the Central Financial institution of Nigeria, CBN, confirmed that the indicative alternate charge for the naira rose to N1,368 per greenback from N1,359 per greenback on Wednesday, reflecting N9 depreciation for the naira.
Consequently, the margin between the parallel and official markets narrowed to N78 per greenback from N91 per greenback on Wednesday.
The put up Naira now N1,446/$ in parallel market appeared first on Vanguard News.
